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Orange County Bancorp, Inc. Announces Record First Quarter 2021 Results


Orange County Bancorp, Inc. Announces Record First Quarter 2021 Results
ACCESSWIRE
04 May 2021, 06:05 GMT+10
MIDDLETOWN, NY / ACCESSWIRE / May 3, 2021 / Orange County Bancorp, Inc. (the Company - OTCQX: OCBI), parent of Orange Bank & Trust Co. (the Bank ) and Hudson Valley Investment Advisors, Inc. (HVIA), today announced net income of $5.03 million, or $1.12 per share, for the three months ended March 31, 2021. This compares with net income of $2.48 million, or $0.55 per share, for the three months ended March 31, 2020.
I am extremely proud of the results our team produced this quarter, said Orange County Bancorp President & CEO, Michael Gilfeather. They reflect the earnings power of our focused and deliberate strategy to grow the Bank and make it a more accessible and important partner for our clients in Orange, Rockland and Westchester Counties. The momentum we were building in 2020, despite the considerable challenges presented by COVID, carried into the ....

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